In an independently produced survey with Amárach about business costs, small businesses were asked about the impact of rising business costs in the past 12 months. The core objective of this research was to assess the impact of the cost of doing business amongst small companies (those with up to 50 Employees) in Ireland. The methodology of the survey involved online interactions and telephone interviews. Out of the 476 businesses interviewed, 57% consisted of businesses employing fewer than 10 people, and 43% percent employ 10 to 50 people.
Key Findings
83% of small businesses
Experience rise in business costs
1 in 3 businesses
To run out of liquidity without financial aid
57% of small businesses
Report increase in labour costs
32% of small businesses
Stated rising costs as the biggest challenge